Rhode Island 2026 Session Status: In Committee 10 D cosponsors

SB 2833 — AN ACT RELATING TO TAXATION -- RHODE ISLAND LOCAL INVESTMENT TAX CREDIT ACT

Last action — 05/28/2026 Committee recommended measure be held for further study

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 04, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 10 sponsors

    10 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (10 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

This bill offers a tax credit for investments in certain businesses.

The bill allows taxpayers to receive a tax credit when they make qualified investments in specific businesses. This aims to encourage local investment in Rhode Island.

What this means for you
  • Families: More local investments could create job opportunities, contributing to economic stability in your community.
  • Consumers: This may lead to more robust local businesses and potentially new products or services in your area.
  • Small Business: This means potential access to funding through investments that can help you grow.

Summary

Provides a tax credit to a taxpayer that makes a qualified investment in a qualified business.

Bill Text

Action History

  1. 05/28/2026 Committee recommended measure be held for further study

  2. 05/23/2026 Scheduled for hearing and/or consideration (05/28/2026)

  3. 05/06/2026 Committee postponed at request of sponsor (05/07/2026)

  4. 05/01/2026 Scheduled for hearing and/or consideration

  5. 03/04/2026 Introduced, referred to Senate Finance

Sponsors

Sponsorship breakdown

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10 sponsors · 0 co-sponsors · 104 not signed on

Sponsors (10)

Co-sponsors (0)

None.

Not signed on (104)

104 members have not signed on to this bill.

Show all 104 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 2833 do?
Provides a tax credit to a taxpayer that makes a qualified investment in a qualified business.
Who sponsors SB 2833?
SB 2833 is sponsored by Ana B. Quezada (Democratic), Ryan W. Pearson (Democratic), Walter S. Felag Jr. (Democratic), Meghan E. Kallman (Democratic), Jacob E. Bissaillon (Democratic), Jonathon Acosta (Democratic), Louis P. DiPalma (Democratic), Pamela J. Lauria (Democratic), Frank A. Ciccone III (Democratic), and Bridget Valverde (Democratic).
What is the current status of SB 2833?
This bill is in committee in the Senate. Introduced March 04, 2026. It must pass committee before a floor vote.
Where can I track SB 2833?
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Last checked for changes about 2 months ago · updated continuously

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